Analysts expect that Canadian Solar (NASDAQ:CSIQ) will announce $0.38 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Canadian Solar’s earnings. The lowest EPS estimate is $0.20 and the highest is $0.59. Canadian Solar posted earnings per share of ($0.10) in the same quarter last year, which indicates a positive year-over-year growth rate of 480%. The company is scheduled to announce its next quarterly earnings report on Tuesday, June 5th.
According to Zacks, analysts expect that Canadian Solar will report full-year earnings of $1.40 per share for the current financial year, with EPS estimates ranging from $0.86 to $1.69. For the next financial year, analysts expect that the firm will report earnings of $1.74 per share, with EPS estimates ranging from $1.64 to $1.86. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Canadian Solar.
Canadian Solar (NASDAQ:CSIQ) last posted its quarterly earnings data on Monday, March 19th. The solar energy provider reported $1.01 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.01. Canadian Solar had a net margin of 2.94% and a return on equity of 6.11%. The business had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the previous year, the business posted $0.24 earnings per share. The business’s revenue was up 65.9% compared to the same quarter last year.
CSIQ has been the topic of a number of analyst reports. Goldman Sachs initiated coverage on shares of Canadian Solar in a research report on Tuesday, January 9th. They set a “neutral” rating and a $19.00 price objective on the stock. JPMorgan Chase cut shares of Canadian Solar from a “neutral” rating to an “underweight” rating and set a $15.00 price objective on the stock. in a research report on Tuesday, December 12th. B. Riley set a $15.00 price objective on shares of Canadian Solar and gave the company a “hold” rating in a research report on Friday, January 12th. Cowen set a $18.00 price objective on shares of Canadian Solar and gave the company a “hold” rating in a research report on Monday, December 11th. Finally, Axiom Securities cut shares of Canadian Solar from a “buy” rating to a “hold” rating and set a $17.00 price objective on the stock. in a research report on Friday, December 15th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company. Canadian Solar presently has a consensus rating of “Hold” and a consensus target price of $17.92.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. We Are One Seven LLC bought a new position in shares of Canadian Solar in the fourth quarter worth about $142,000. Millennium Management LLC grew its holdings in shares of Canadian Solar by 4,641.5% in the fourth quarter. Millennium Management LLC now owns 1,141,385 shares of the solar energy provider’s stock worth $19,244,000 after purchasing an additional 1,117,313 shares during the last quarter. HBK Investments L P bought a new position in shares of Canadian Solar in the fourth quarter worth about $282,000. Two Sigma Advisers LP grew its holdings in shares of Canadian Solar by 51.6% in the fourth quarter. Two Sigma Advisers LP now owns 22,902 shares of the solar energy provider’s stock worth $386,000 after purchasing an additional 7,800 shares during the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of Canadian Solar by 17.1% in the fourth quarter. Deutsche Bank AG now owns 339,155 shares of the solar energy provider’s stock worth $5,717,000 after purchasing an additional 49,440 shares during the last quarter. Hedge funds and other institutional investors own 39.15% of the company’s stock.
CSIQ stock traded up $0.11 during mid-day trading on Wednesday, reaching $16.24. 116,241 shares of the stock traded hands, compared to its average volume of 721,288. The company has a quick ratio of 0.91, a current ratio of 0.99 and a debt-to-equity ratio of 0.50. Canadian Solar has a one year low of $12.07 and a one year high of $19.09. The stock has a market capitalization of $935.59, a price-to-earnings ratio of 15.57, a price-to-earnings-growth ratio of 0.44 and a beta of 2.66.
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Canadian Solar Company Profile
Canadian Solar Inc is a solar power company. The Company is a provider of solar power products, services and system solutions with operations in North America, South America, Europe, Africa, the Middle East, Australia and Asia. Its segments include module segment, energy development segment and electricity generation segment.
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